Monday, March 03, 2008

Mzinga Raises $32.5 Million, Acquires Prospero - Burlington, MA

Mzinga, a Burlington-based collaboration and customer relationship management software for businesses, has raised $32.5 million in venture capital, led by W Capital Partners. Part of the funds is being used to acquire Prospero, a Littleton-based social media provider with a focus on the media, entertainment, and publishing sectors. Terms between the two privately held firms were not disclosed. Mzinga has about $30 million in annual revenue and more than 125 enterprise customers, including ABC, AOL, ESPN,, iVillage, Chevron Corporation and Johnson & Johnson.


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